The figure is actually £7.5bn less than economists had expected, despite borrowing being £4.4bn more than the same month last year and £1.8bn more than in pre-COVID-19 October 2019.
in an"extreme" scenario, according to Cornwall Insight, which became a prominent voice in predicting levels for the energy price cap before it was replaced by the government's energy price guarantee last month.Advertisementyear of 2019, and the fifth highest in a financial year since records began in 1993.
The Office for Budget Responsibility estimated that the debt interest payable on central government's debt will be £120.4bn for the whole of 2022.
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